On Wednesday the European Parliament unexpectedly rejected its negotiating mandate on the proposed “omnibus” bill aimed at simplifying corporate sustainability and due diligence rules across the EU. More delays, extended discussions seem inevitable. There is a potential for the bill to be reworked in unanticipated ways before a revised vote in November.
This article was originally published on LinkedIn here. AI is an extraordinarily important new technology, but it is not a magic wand. As the CSRD negotiations enter their last stages, some MEPs are wondering whether AI can replace digital reporting. The answer is ‘no’, but it is its natural complement. As the EU seeks to encourage […]
The European Banking Authority (EBA) has launched its latest EU-wide Transparency Exercise, designed to enhance transparency and market discipline by providing consistent and comparable information on more than 100 of the largest EU banks.
Supervision is moving to the centre of Europe’s financial debate. Speaking at the Eurofi Forum in Copenhagen, Martin Moloney, Deputy Secretary General of the Financial Stability Board, warned that “weak supervision is becoming even more of a core risk and wise supervision is a strategic opportunity.”
Earlier this month the European Supervisory Authorities (EBA, EIOPA and ESMA) jointly published a guide to oversight under the Digital Operational Resilience Act (DORA), laying out how they will supervise critical third-party ICT providers (CTPPs).
The European Commission has adopted the final technical rulebooks for the European Single Access Point (ESAP), setting the operational framework ahead of its phased rollout starting in 2026.
Earlier this month the European Commission adopted a package of simplifications to the EU ESG Taxonomy framework, designed to cut red tape and reduce administrative burden on companies.
At yesterday’s XBRL Europe day, part of this week’s Digital Reporting in Europe event, Eduardo-Javier Moral Prieto provided an update on ESMA’s work on the implementation of the next stage of digital reporting in Europe.
The European Banking Authority (EBA) recently rolled out its onboarding plan for institutions required to submit to the new Pillar 3 Data Hub (P3DH) – setting the stage for this enhanced reporting framework.
Belgium is stepping further into the digital age, announcing mandatory structured e-invoicing for nearly all VAT-registered business-to-business (B2B) transactions starting 1 January 2026. This aligns the country with broader European Union efforts to tackle VAT fraud, streamline financial workflows, and boost digital resilience.
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